GroupSpaces receives Funding

Last week we publicly announced that GroupSpaces raised 6 figures of funding from a consortium of experienced Angel Investors including Avonmore Developments. From writing our Business Plan over July and August last year to closing the deal in January, the past 6 months have provided both an exciting journey and fantastic learning experience.

I thought it would be interesting to share our time-line throughout this process:

June: Final exams at Oxford University

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July: Move into office at Oxford Centre for Innovation, start work on Business Plan

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August: Travel to Silicon Valley, visit Google, Facebook and Bebo, develop strategy and finalise Business Plan

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September: Pitch at Oxford Early Investments business angel network. Graduate of the Year finals. Start meeting investors

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October: Meet lots more investors

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November: Sign termsheet. Commence due diligence

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December: More due diligence, lots of legal work. Less sleep

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January: Close. Champagne!

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February: Announce funding publicly. Silly photos for press

You can read some of the official press coverage here: Oxford Innovation, The Oxford Trust, Cherwell